"There are certain mistakes ... that regulatory authorities say cause the most compliance issues. To manage your resources wisely, consider focusing on the following high-risk areas. [1] Timeliness of deposits ... [2] Not following plan provisions ... [3] Over-Reliance on Service Providers ... If you do all of these steps in your self-audit, document it in an Excel spreadsheet and save the information in the retirement plan file. If you ever do get audited you can show the IRS or DOL the steps you performed and this will show them you are trying to do everything you can to ensure compliance."  MORE >>